Your comment about Nvidia is what confuses me. If you sell after 10% gain, and buy something else at the bottom of your list, when do you ever get back into Nvidia? (or the equivalent ETF)? If Nvidia was on a bull run, and goes up 100% (which it did recently), you would miss out on the majority of the run. it wouldn't be on the bottom of the rankings. and might not be for years. Please explain.
Investing style is individual. There is no one perfect way. An investor tends to do well when the style the person invests with matches their personality type. (Assuming, of course, that a person has the personality to invest at all. Some don't, and just live for the moment until there are no more moments. . . )
I never get out of the investments. Every investment has an equal amount and when that amount has a 10% profit i take that and get back to my base line.
you are exactly correct. this system was set up by my friend for those who are scared of the stock market and had been wiped out in the past. It plays offense and defense at the same time. When the market crashes, all they have to do is look and see they survived and half their account is up.
This is not for another friend who is a gambler. It is to boring for him. But his wife loves it for her accounts. Especially after he lost $400,000 with his, trying to time the market. This system does not time the market. It lets the market tell what is up and what is down.
As for posting pictures for revenge. It was a picture from my friend who designed this that convinced me it works. He showed me how he survived the dot.com crash and actually was making money. Back then it was even harder because investment choices were limited. ETF's, bear funds, fractional trading and free commissions did not exist.
I jumped for it because it was an easy plan to understand and it worked. Yet the elites, many corporate and tech workers told people it was a joke. One in particular was a Lucent Executive who everyone went to for stock market advise. My friend would tell me that guy is a joke because he didn't know what a medicare supplement was and many other things. He lived in corporate la la land and knew nothing.
After the dot.com bubble broke, he lost 8 million and his job. Ended up having to move and moved right into tornado country and lost everything.
The pictures are to teach those scared of the stock market you can survive while rubbing it in the faces of those elites who think they are smarter than others but are not. And that is why revenge is sweet because we do nothing and they do it to themselves.
The guy who lost $400,000 is another overpaid corporate executive. Once his $275,000 salary dries up, he is in trouble. Another person with charisma which helps people believe his BS. His wife will not let him touch what she has left with a 10ft pole.
